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product development vs IT services
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Answer Posted / santhoshrv
Product development is not dependent on client but where as
IT services is dependent on client.
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You are the project manger for Xylophone Phonics. They produce children's software programs that teach basic reading and math skills. You are ready to assign project roles, responsibilities, and reporting relationships. Which project Planning process are you working on? A. Resource Planning B. Organizational Planning C. Staff Acquisition D. Human Resource Acquisition
Your selection committee meets on a semiannual basis. They've determined that projects must meet or exceed a specific profit limit in order to be accepted and prioritized on the project list. Which of the following is true? A. The selection committee has defined project selection criteria, which is a tool and technique of Initiation. B. The selection committee has defined project selection methods, which is a tool and technique of Initiation. C. The selection committee has defined project selection methods, which is an input to Initiation. D. The selection committee has defined project selection criteria, which is an input to Initiation.
You’ve just accepted a new project management assignment. The project is for a customer in a foreign country. You've requested a business analyst and two other project team members from the country the customer resides in to participate on your team. The remaining team members are from your country. You know that the best way to ensure the project team doesn’t get bogged down in cultural differences and hold up project progress is to: A. Perform team-building exercises using videoconferencing to allow team members to get to know each other and get to the performing stage of team development as soon as possible. B. Provide diversity training for all the team members to make them aware of cultural differences and teach them to function effectively as a team despite these differences. C. Establish your role as project manager as the first order of business and require compliance to company policies. D. Require project team members to read and sign the organization’s diversity policy.
You are a project manager for an agricultural supply company. You have just completed and obtained sign-off on the scope statement for your new Natural Bug Busters project. A key stakeholder has informed you that a deliverable is missing from the scope statement. This deliverable is a critical success factor. You should do which of the following? A. Inform the stakeholder that work not stated in the scope statement is excluded from the project. B. Modify the scope statement to reflect the new deliverable. C. Inform the stakeholder that this deliverable can be included in the next project since sign-off has already been obtained. D. Modify the scope statement after an approved change request has been received from the stakeholder.
What is raid in project management?
You are constructing a probability/impact risk rating matrix for your project. Which of the following is true? A. The PI matrix multiplies the risk's probability by the cost of the impact to determine an expected value of the risk event. B. The PI matrix multiplies the risk's probability scales, which fall between 0.0 and 1.0, and the risk’s impact scales to determine a risk score. C. The PI matrix multiplies the risk's probability by the expected value of the risk event to determine the risk impact and assign a risk score based on a predetermined threshold. D. The PI matrix multiplies the risk's probability scales and the risk's impact scales, which fall between 0.0 and 1.0, to determine a risk
You are a project manager for Move It Now trucking company. Your company specializes in moving household goods across the city or across the country. Your project involves upgrading the nationwide computer network for the company. Your lead engineer has given you the following estimates for a critical path activity: 60 days most likely, 72 days pessimistic, 48 days optimistic. What is the standard deviation? A. 22 B. 20 C. 2 D. 4
Which of the following is true regarding the project charter? A. The project charter should be published under the name of a manager external to the project. B. The project charter should be published under the project sponsor's name. C. The project charter should be published under the name of the project manager. D. The project charter should be published under the name of the project champion.
Which of the following is true regarding Administrative Closure? A. It occurs at the end of a project phase and at the end of the project. B. It occurs at the end of the project phase only. C. It occurs at the end of the project only. D. It is performed prior to Contract Closeout.
The project manager has the greatest influence over quality during which process? A. Quality Planning B. Quality Assurance C. Quality Control D. Quality Change Control
Which performance measurement tells us how much more of the budget is required to finish the project? A. ETC B. EV C. AC D. EAC
You are a project manager for an engineering company. Your company won the bid to add ramp-metering lights to several on-ramps along a stretch of highway at the south end of the city. You subcontracted a portion of the project to another company. The subcontractor's work involves digging the holes and setting the lamp poles in concrete. The subcontractor's performance is not meeting the contract requirements, because the poles are not buried to the correct depth. Which of the following is true? A. You are in the Quality Assurance process and have performed a quality audit to assure correctness of work. B. You are in the Scope Verification process and have performed a quality audit to assure correctness of work. C. You are in the Contract Administration process and have completed a contract audit to assure the subcontractor's performance meets the contract requirements. D. You are in the Performance Reporting process and have completed a performance review of the contractor's work.
How do you set goals for your team?
You work for a large manufacturing plant. You're working on a new project for an overseas product release. This is the company's first experience in the overseas market, and they hope to make a big splash with the introduction of this product. The project entails producing your product in a concentrated formula and packaging it in smaller containers than the U.S. product uses. A new machine is needed in order to mix the first set of ingredients in the concentrated formula. Which of the following is true? A. The new machine, the concentrated formula, and the smaller package are each project constraints. B. The new machine, the concentrated formula, and the smaller package description must be incorporated into the product description document. C. The new machine, the concentrated formula, and the smaller package are each project assumptions. D. The new machine, the concentrated formula, and the smaller package are each considered deliverables.
How to track your team members?
